NEAR Protocol continues to develop, currently in a consolidation phase with new partnerships and technological advancements.
Consolidation Phase of NEAR Protocol
The NEAR price is currently consolidating between $2 and $3 after a prolonged decline, indicating an accumulation zone. Open interest has dropped, signaling that speculators have exited the market. Crypto investors are watching for a breakout above the $3.5 level to initiate a new bullish wave.
TRON and NEAR Intents Partnership
The partnership between TRON and NEAR Intents facilitates cross-chain swaps with just one click, eliminating the need for bridges and complex setups. High security is ensured by the absence of bridge-related hacks. TRON boasts 329 million accounts and over $28 billion in total value locked (TVL), potentially leading to significant liquidity flows into the NEAR ecosystem.
Collaboration of Aptos, NEAR, and Shelby
NEAR Intents now enable BTC to APT swaps without the need for bridges, and the collaboration with Shelby integrates ultra-fast decentralized storage with NEAR AI. This partnership creates new opportunities for on-chain AI, distributed data, and cross-chain finance.
The current state of NEAR Protocol highlights active development, including the partnership with TRON and collaboration with Aptos and Shelby, opening new horizons for DeFi technologies and cross-chain operations.
